RELATED COMPANIES

x

Loading data...

x

Loading data...

ET Now: What is your call then on some of the defensive names the likes of an ITC and HUL in this kind of a market rally would you scale back your positions there?

Ambareesh Baliga: Absolutely, defensives especially your FMCG stocks will under perform. I am not saying they will come down especially in a market where I see about a 800-1000 points sort of a move. You surely do not expect these stocks to come down but they will underperform but IT is one space where I am quite negative and again the December quarter results may not really be up to the mark of what the market is expecting. So there is still time to get out of IT.